Jeffrey Olson Sells 161,553 Shares of Urban Edge Properties (NYSE:UE) Stock

Urban Edge Properties (NYSE:UE) CEO Jeffrey Olson sold 161,553 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $21.73, for a total value of $3,510,546.69. Following the completion of the sale, the chief executive officer directly owned 22,699 shares in the company, valued at approximately $493,249.27. The trade was a 87.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Urban Edge Properties Stock Performance

NYSE:UE opened at $21.39 on Thursday. The business’s 50-day moving average price is $20.98 and its two-hundred day moving average price is $20.06. Urban Edge Properties has a twelve month low of $17.46 and a twelve month high of $22.26. The stock has a market cap of $2.69 billion, a P/E ratio of 24.87 and a beta of 0.99. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.21.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.06. Urban Edge Properties had a return on equity of 7.80% and a net margin of 22.20%.The firm had revenue of $132.62 million for the quarter, compared to analysts’ expectations of $119.45 million. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. As a group, equities analysts predict that Urban Edge Properties will post 1.5 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, June 15th. This represents a $0.84 annualized dividend and a dividend yield of 3.9%. Urban Edge Properties’s dividend payout ratio (DPR) is 97.67%.

Hedge Funds Weigh In On Urban Edge Properties

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its position in shares of Urban Edge Properties by 426.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 1,071 shares during the period. Global Retirement Partners LLC increased its position in shares of Urban Edge Properties by 2,108.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,369 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 1,307 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of Urban Edge Properties during the third quarter valued at about $35,000. Smartleaf Asset Management LLC increased its position in shares of Urban Edge Properties by 45.3% during the third quarter. Smartleaf Asset Management LLC now owns 1,903 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 593 shares during the period. Finally, Hantz Financial Services Inc. increased its position in shares of Urban Edge Properties by 137.8% during the third quarter. Hantz Financial Services Inc. now owns 2,254 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,306 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Urban Edge Properties presently has an average rating of “Hold” and an average price target of $22.00.

About Urban Edge Properties

Urban Edge Properties is a publicly traded real estate investment trust (REIT) that specializes in owning, operating and developing grocery-anchored shopping centers. The company was formed in January 2017 as a spin-off from Regency Centers Corporation, establishing an independent platform focused on urban and densely populated markets. As a fully integrated REIT, Urban Edge oversees the acquisition, financing, leasing, redevelopment and management of its retail properties.

The company’s portfolio comprises predominantly open-air shopping centers anchored by national and regional supermarket operators.